![Case Study: Clever Lending completes £1.9m MUFB refinancing with HTB Steve Sanderson - Clever Lending 123](https://barcadiapublications.fra1.cdn.digitaloceanspaces.com/property-reporter/img/article/steve_sanderson_-_clever_lending_123-15024.jpg?v=ea522b981de1060a2274adf00dd817c8)
"We worked closely with the lender and client to ensure a positive outcome, once again showcasing Clever Lending’s ability to get results for our broker partners"
- Steve Sanderson - Clever Lending
The introducer had a long-established relationship with Clever Lending and their client, a construction company, required the refinancing in order to consolidate its existing portfolio lending and intercompany loans. It also wanted to capital raise for onward investments to buy and renovate other properties.
With MUFBs, a single freehold property is usually split into individual flats or a row of houses under one title. In this case, there were 21 properties under a single title.
Steve Sanderson, commercial and bridging specialist at Clever Lending, discussed the case with Wes Baker and then placed the case with Hampshire Trust Bank, he knew from experience that the lender could deal with complex buy-to-let cases, including those involving MUFBs.
The refinancing was at 63% loan to value (LTV), with the £1.9 million loan provided against a £3 million valuation.
Steve Sanderson, (pictured) commercial and bridging specialist at Clever Lending, commented:
“Many buy-to-let lenders only deal with vanilla cases, this is where the specialist lenders kick in, as this was a far from straightforward proposition. However, we have worked with HTB on many occasions and know they specialise in providing solutions for property investors with complex requirements.
“We worked closely with the lender and client to ensure a positive outcome, once again showcasing Clever Lending’s ability to get results for our broker partners.”
Wes Baker, property specialist for the North and Midlands at Hampshire Trust Bank, added:
“I’m thrilled to have collaborated with Steve at Clever Lending again, in what is another fantastic example of how HTB can work with highly experienced broker partners to support their clients with complex requirements.
“Our expertise in handling intricate buy-to-let cases, such as this Multi-Unit Freehold Block, allowed us to provide a tailored solution to allow the client to refinance not only their existing portfolio but to raise capital for future investments.”